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Provident Fund Registration Online Mumbai

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Need of PF Registration for Businesses Need of PF Registration, The Role of PF Consultant and Benefits of PF Registration Online Mumbai Registering for the Provident Fund (PF) is essential for businesses in India, ensuring compliance with the Employees' Provident Funds and Miscellaneous Provisions Act, 1952. Understanding PF Registration PF registration is mandatory for establishments employing  20 or more employees . However, businesses with fewer than 20 employees can opt for voluntary registration, which provides additional benefits to their workforce. Our team at Kaizen Consultancy Services is well-equipped to guide you through both mandatory and voluntary registration processes. Rules for PF Contribution Contribution Percentage : Both the employee and employer are required to contribute  12%  of the employee's basic salary plus dearness allowance (DA) towards the EPF account. For employees earning above ₹15,000, registration is optional and ...

PF Consultant in Mumbai | Provident Fund Consultant

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Expert Provident Fund Consultant in Mumbai Which Enterprises EPF is Applicable? The Employees' Provident Funds and Miscellaneous Provisions Act, 1952 (EPF Act) applies to the following enterprises explained by Provident Fund Consultant in Mumbai Criteria Applicability Number of Employees Establishments employing 20 or more persons Industry Sectors Specific industries like Factories, Establishments, Shops and Commercial Establishments Exemptions Certain establishments may be exempted from the EPF Act based on specific criteria Understanding EPF Act in Brief: Kaizen Consultancy Services - Mumbai The key aspects of the EPF Act include: Mandatory Contributions: Employers and employees are required to contribute 12% of the employee's basic wages and dearness allowance to the EPF. Withdrawal Benefits: Employees can withdraw a portion of their EPF balance for...